Cape Coral Art League Inc

Analysis

Cape Coral Art League Inc is a registered charity in United States, based in Cape Coral, FL. It received its IRS tax-exemption ruling in November 1973, 53 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Cape Coral Art League Inc reported income of $58k and spending of $71k, spending 121% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $91k to $58k (-36%), an average of -8.5% a year. The sharpest change came in the year to June 2021, when income dropped by 30%. Over the whole period it spent 125% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cape Coral Art League Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 26th percentile within FL. Charities of a similar size with the same main cause include Central Christian Church ($58k), PTA Oregon Congress ($58k) and American Behcets Disease Association Inc ($58k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 19% and program service revenue 78% of the total. Other salaries and wages came to $4,654. At year end it held assets of $107k against liabilities of $42k, net assets of $65k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.